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Debora Ernestina
Debora’s a very hardworking person who has a food business that generates income to support her home where she lives with her three children. Because she’s a single mother head of household, she’s suffered through great economic difficulties but with effort has overcome them little by little and continued to provide her children with a good quality of life.

For some time now, she’s been losing customers because of her inability to provide delivery service and in order to recapture that clientele, Debora is looking for a loan to buy a motorcycle to provide home delivery service and recuperate her sales and improve her home’s quality of life. IN this way, she will be able to have sales to continue overcoming her economic difficulties and move her three children forward. Her dream is to have great business with which to get ahead and provide her family with better quality of life.
View original language description ↓
Debora es una persona muy trabajadora que tiene un negocio de servicio de comida con el cual genera los ingresos para el sostenimiento de su hogar donde convive con sus 3 hijos. Debido a que es madre soltera cabeza de hogar, ha tenido que padecer grandes dificultades económicas, pero con su esfuerzo ha venido superándolas poco a poco y continuar ofreciendo a sus hijos una buena calidad de vida. En su negocio, desde hace un tiempo ha venido perdiendo clientela porque no ha podido ofrecer el servicio a domicilio, y para poder recuperar esta clientela, Debora busca un préstamo para comprar una moto y así poder ofrecer el servicio a domicilio para recuperar sus ventas y mejorar la calidad de vida en su hogar.

De esta manera podrá tener unas ventas con las cuales seguir superando sus dificultades económicas y sacar sus 3 hijos adelante. Su sueño es tener un gran negocio con el cual salir adelante y ofrecerle a su familia una mejor calidad de vida en el hogar.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $6,070
    Average annual income
  • 283
    View loans »
    Colombia Loans Fundraising
  • $13,826,450
    Funds lent in using Kiva
  • 1,800.0
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,675 helped Debora Ernestina to buy a motorcycle in order to provide delivery service.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 25, 2014